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<aside> <img src="/icons/reorder_gray.svg" alt="/icons/reorder_gray.svg" width="40px" /> MMBM / Tape Reading / BPR / Breaker

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If we would break below the OB, we would attack the Sellside. It looks like it may be in the crosshairs as long as we remain below the VI.

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The only that would change our expectations and not reach the Sellside, which is current DOL, would be if we trade above the more recent FVG and then come to it and find support there. We would have 2 areas of imbalance, the previous from 9th June and the recent one.

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This is BPR because we came down, went back up and back down. Its more likely that we draw to the Sellside than to go back above the blue FVG. However if we do reverse, and we get above the most recent Imbalance, we do have relative equal Highs.

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…. and bearish breaker. But going ahead its most likely Risk On scenario.

If we look at the EUR Daily chart..

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We took out BSL and pierced the old BSL as well. Now if we continue higher next stop is the SIBI and the BSL just below it. That’s too clean.

Going to the 1h…

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It could come half way between Buyside and the Small Imbalance above it.

ESH2023

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You don’t want price to trade back down in the FVG. This is the last line of defense for bulls

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Now that we have taken Buyside we can look for 4030. It could Gap up, then come back to close the gap and continue higher. That would be the best bullish scenario. But if we gap lower, fill in and start to sell off, that would be lil concerning.